Landscape Capital Management L.L.C. Takes Position in Roku, Inc. (NASDAQ:ROKU)

Landscape Capital Management L.L.C. bought a new position in shares of Roku, Inc. (NASDAQ:ROKU - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 26,376 shares of the company's stock, valued at approximately $1,969,000.

Several other large investors also recently bought and sold shares of the stock. EverSource Wealth Advisors LLC grew its stake in shares of Roku by 123.4% during the second quarter. EverSource Wealth Advisors LLC now owns 679 shares of the company's stock worth $40,000 after purchasing an additional 375 shares in the last quarter. Future Financial Wealth Managment LLC acquired a new position in shares of Roku during the 3rd quarter worth about $43,000. Cedar Wealth Management LLC purchased a new position in shares of Roku in the 2nd quarter valued at about $48,000. Natixis acquired a new stake in shares of Roku during the 1st quarter worth about $53,000. Finally, Versant Capital Management Inc lifted its stake in Roku by 706.2% during the second quarter. Versant Capital Management Inc now owns 911 shares of the company's stock worth $55,000 after purchasing an additional 798 shares during the last quarter. Hedge funds and other institutional investors own 86.30% of the company's stock.

Insiders Place Their Bets

In other Roku news, CFO Dan Jedda sold 1,000 shares of the company's stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $75.00, for a total value of $75,000.00. Following the completion of the transaction, the chief financial officer now directly owns 65,555 shares of the company's stock, valued at $4,916,625. This represents a 1.50 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Charles Collier sold 15,454 shares of the firm's stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $75.00, for a total value of $1,159,050.00. Following the sale, the insider now owns 200 shares of the company's stock, valued at $15,000. This represents a 98.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 90,240 shares of company stock worth $6,729,582 in the last 90 days. 13.98% of the stock is owned by company insiders.

Roku Stock Up 0.8 %

Shares of Roku stock traded up $0.52 during trading hours on Friday, hitting $69.20. The company's stock had a trading volume of 4,141,301 shares, compared to its average volume of 4,423,316. The business has a fifty day moving average of $74.56 and a 200 day moving average of $65.00. Roku, Inc. has a 1-year low of $48.33 and a 1-year high of $108.84. The company has a market capitalization of $10.05 billion, a PE ratio of -56.98 and a beta of 2.07.

Roku (NASDAQ:ROKU - Get Free Report) last issued its quarterly earnings data on Wednesday, October 30th. The company reported ($0.06) EPS for the quarter, topping analysts' consensus estimates of ($0.35) by $0.29. Roku had a negative return on equity of 7.22% and a negative net margin of 4.42%. The company had revenue of $1.06 billion for the quarter, compared to analysts' expectations of $1.02 billion. During the same quarter in the previous year, the firm posted ($2.33) earnings per share. The firm's quarterly revenue was up 16.5% on a year-over-year basis. On average, sell-side analysts anticipate that Roku, Inc. will post -1.1 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

ROKU has been the subject of several research analyst reports. Moffett Nathanson upgraded shares of Roku from a "sell" rating to a "neutral" rating and set a $80.00 target price for the company in a report on Tuesday, October 1st. Robert W. Baird upgraded Roku from a "neutral" rating to an "outperform" rating and lifted their target price for the stock from $70.00 to $90.00 in a research report on Monday. Macquarie reissued an "outperform" rating and issued a $90.00 target price on shares of Roku in a report on Thursday, October 31st. Loop Capital raised their price target on Roku from $65.00 to $70.00 and gave the stock a "hold" rating in a research note on Thursday, October 31st. Finally, Benchmark reiterated a "buy" rating and issued a $105.00 price objective on shares of Roku in a research note on Thursday, September 12th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $84.14.

Roku Profile

Roku, Inc, together with its subsidiaries, operates a TV streaming platform in the United states and internationally. The company operates in two segments, Platform and Devices. Its streaming platform allows users to find and access TV shows, movies, news, sports, and others. The Platform segment offers digital advertising, including direct and programmatic video advertising, media and entertainment promotional spending, and related services; and streaming services distribution, such as subscription and transaction revenue shares, and sale of premium subscriptions and branded app buttons on remote controls.